We expect KC to trend downwards later today. Based on these past United States Non Farm Payrolls news events there is a 80% chance of this. We expect this to happen if the released value is > 700K. A price movement of 197 pips is expected.
Historical events that allowed us to draw this conclusion
05 Mar 13:30 |
06 Nov 13:30 |
07 Aug 12:30 |
02 Jul 12:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
